February 26, 2013 at 8:33am 25 notes
sequestrationcongresspoliticsgovernmentcaliforniaeconomyjobs
Source: Los Angeles Times
$3.2 billion: That’s how much California stands to lose should sequestration cuts take hold Friday. Amid warnings of slowed economic growth, cutbacks in meals for seniors and airport security, the brunt of the effects will be felt by specific sectors. San Diego, with a defense-heavy economy, as well as those dependent on federal programs have the most to lose in California. And as the cuts loom ever closer, the debate on whether they’re a net positive continues. The arguments from either side: “We need stimulus, not premature austerity,” Gov. Jerry Brownsaid during a break at the National Governors Assn. meeting in Washington. Rep. John Campbell (R-Irvine) contends that critics of the cuts are exaggerating the effects. “If we can’t do this, what can we do” to reduce Washington’s red ink, he asked. “We ought to be panicked about the day when people won’t buy our debt anymore because we borrowed too much.” Read more on sequestration, and the implications for California here.

$3.2 billion: That’s how much California stands to lose should sequestration cuts take hold Friday. Amid warnings of slowed economic growth, cutbacks in meals for seniors and airport security, the brunt of the effects will be felt by specific sectors.

San Diego, with a defense-heavy economy, as well as those dependent on federal programs have the most to lose in California. And as the cuts loom ever closer, the debate on whether they’re a net positive continues.

The arguments from either side:

“We need stimulus, not premature austerity,” Gov. Jerry Brownsaid during a break at the National Governors Assn. meeting in Washington.

Rep. John Campbell (R-Irvine) contends that critics of the cuts are exaggerating the effects.

“If we can’t do this, what can we do” to reduce Washington’s red ink, he asked. “We ought to be panicked about the day when people won’t buy our debt anymore because we borrowed too much.”

Read more on sequestration, and the implications for California here.

  1. kropotkinskaya-station reblogged this from latimes
  2. admiralmpj reblogged this from latimes
  3. cynthiahasatumblr reblogged this from latimes
  4. nikktionary reblogged this from measureindeltalove
  5. serendipityandsuch reblogged this from latimes
  6. workonprogress reblogged this from latimes
  7. bdcred69ss reblogged this from latimes
  8. ojlefty reblogged this from latimes
  9. measureindeltalove reblogged this from latimes
  10. amonemoney reblogged this from latimes
  11. jumblejo reblogged this from latimes
  12. kimgonzalez reblogged this from latimes
  13. latimes posted this